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1 – 4 of 4Muntazir Hussain, Usman Bashir and Ahmad Raza Bilal
The purpose of this paper is to investigate the risk-taking channel of monetary policy transmission in the Chinese banking industry. This study also investigates the role of…
Abstract
Purpose
The purpose of this paper is to investigate the risk-taking channel of monetary policy transmission in the Chinese banking industry. This study also investigates the role of various other factors in the risk-taking channel.
Design/methodology/approach
This study used panel data from 2000 to 2012, and a dynamic panel model (Difference GMM) was applied.
Findings
The empirical findings of this paper suggest that loose monetary policy rates increase bank risk-taking. Unlike previous studies, the results of this paper suggest that the bank-specific factors (size, liquidity and capitalization) do not significantly affect the risk-taking channel. However, the market structure does have a stabilizing effect on monetary policy transmission and the risk-taking channel. Higher market power weakens the risk-taking channel of monetary policy transmission.
Practical implications
Of significance to the policymakers' point of view is that loose monetary policy induces banks to take excessive risks. However, such effects can be mitigated by encouraging a proper level of market power in banking markets.
Originality/value
This study investigated the risk-taking channel of monetary policy transmission for the Chinese banking industry. Due to the unique features of the People's Bank of China (PBC, Central Bank of China) policy, this study also contributes to the literature by comparing price-based and quantity-based monetary policy tools and their effectiveness in financial stability and monetary policy transmission. Furthermore, the role of market structure is also investigated in the risk-taking channel.
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Muntazir Hussain, Ramiz Rehman and Usman Bashir
This study investigates the relationship between female CEOs and SMEs’ financing decisions. The study also examined the moderating role of ownership structure (female, foreign…
Abstract
Purpose
This study investigates the relationship between female CEOs and SMEs’ financing decisions. The study also examined the moderating role of ownership structure (female, foreign, and state ownership) in female CEO-SMEs’ financing decisions.
Design/methodology/approach
The study has applied Generalized Least Square (GLS) and Binomial Logistic Regression. The study has used firm-level data from 2,700 Small and Medium Enterprises (SMEs) in the Chinese economy.
Findings
The results suggest that female CEOs use debt financing. However, the financing decision of female CEOs varies if we account for female ownership, foreign ownership, state ownership, firm association with big firms, and the industry in which the firm operates. This study also provides robust evidence that female CEOs utilize debt financing under certain conditions and that female CEOs prefer long-term debt financing to short-term debt financing when considering debt maturity choices.
Originality/value
Recent studies report a negative relationship between female CEOs and financing decisions based on the rationale that females are risk-averse and choose less risky financing compared to their male counterparts. This study posits new evidence that female CEO financing decisions are not always risk averse if we consider female ownership, foreign ownership, state ownership, firm association with big firms, and the industry in which the firm operates. Thus, we contribute to the corporate governance literature, and this study implies a corporate financing policy.
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This paper developed a theoretical and research framework by identifying the behavioral biases in investment decision and by presenting a review of the available literature in the…
Abstract
Purpose
This paper developed a theoretical and research framework by identifying the behavioral biases in investment decision and by presenting a review of the available literature in the field of behavior finance-related biases. This paper aims to present a compressive review of the literature available in the public domain in past five decades on behavior finance and biases and its role in investment decision-making process. It also covers insights on the subject for developing a deeper understating of the behavior of investor and related biases.
Design/methodology/approach
The work follows the comprehensive literature review approach to review the available literatures. The review carried out on different parameters such as year of publication, journal of publication, country, type of research, data type, statistical technique used and biases identified. This is a funnel approach to decrease the number of behavior biases up to six for further research.
Findings
Most of the existing works have summarized behavior finance as an emerging area in finance. This indicates the limited valuable research in developing economy in this area. This literature review helps in identifying major research gap in this domain. It helps in identifying the behavior biases which work dominantly in investment decision-making. It would be interesting to explore the area of behavior biases and their impact on investment decision of individual investors in India.
Originality/value
This paper worked on literature prevailing on the subject and available on various online research data source and search engines. It covers a long time frame of almost five decades (1970-2015). This paper is an attempt to look at the impact of behavior finance and biases and its role in investment decision-making process of the investor behavior. This study builds up a strong theoretical framework for researchers and academicians by detailed demonstration of available literature on behavior biases.
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Bidemi Olumide Falodun, Musa Oladipupo Tijani, Ibrahim Oyeyemi Adenekan, Olabode Amos Abraham and Tolulope Idiat Ogunsanya
The purpose of this study is to consider the dynamics of Casson–Walters-B alongside gyrotactic microorganisms through the investigation of antibacterial and antiviral mechanisms…
Abstract
Purpose
The purpose of this study is to consider the dynamics of Casson–Walters-B alongside gyrotactic microorganisms through the investigation of antibacterial and antiviral mechanisms using silver nanoparticles (AgNPs). The Casson fluid and Walters-B flow from the penetrable plate to the boundary layer (BL) in this analysis. The antiviral and antibacterial mechanisms of AgNPs were separately examined in this study.
Design/methodology/approach
The physical phenomenon of this problem was analyzed with partial differential equations (PDEs). These PDEs were changed into ordinary differential equations (ODEs) to further explain the significance of pertinent control parameters. The set of equations is solved numerically by implementing the spectral relaxation method (SRM). SRM is a numerical technique that uses the basic techniques of Gauss-Seidel. The SRM first decouples and linearizes the coupled nonlinear set of ODEs.
Findings
In this finding, it is found that the thermal radiation parameter produces higher temperatures within the BL to cause blockage in viral replications. It is found in this study that the magnetic parameter assisted in disinfection by lowering the antiviral and antibacterial mechanisms within the momentum BL. This is evident from the reduction in the velocity and momentum BL as the Casson and Walters-B parameters increase.
Originality/value
This paper is unique because it examined the antiviral and antibacterial mechanisms by using AgNPs. Prior to the authors’ understanding, no study of this type was conducted in the past. To the best of the authors’ knowledge, no other study in the past has examined the mechanisms of antiviral and antibacterial separately within the BL. Also, the simultaneous flow of Casson (honey) and Walters-B fluids were considered flowing through the vertical porous plate to the BL.
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